Core Insights - Carnival reported revenue of $6.33 billion for the quarter ended November 2025, reflecting a 6.6% increase year-over-year, but a slight miss of 0.49% compared to the Zacks Consensus Estimate of $6.36 billion [1] - Earnings per share (EPS) was $0.34, significantly up from $0.14 in the same quarter last year, resulting in a 36% surprise against the consensus estimate of $0.25 [1] Financial Performance Metrics - Carnival's shares have returned +11.9% over the past month, outperforming the Zacks S&P 500 composite's +2.5% change, with a current Zacks Rank of 3 (Hold) [3] - Available lower berth days (ALBDs) were reported at 24.1 million, slightly below the average estimate of 24.12 million [4] - Occupancy percentage was 102%, slightly lower than the estimated 103.2% [4] - Passenger cruise days (PCDs) totaled 24.6 million, compared to the average estimate of 24.89 million [4] - Fuel cost per metric ton consumed was $573.00, better than the average estimate of $598.13 [4] - Net yields per ALBD were $203.52, close to the average estimate of $203.63 [4] - Fuel consumption was reported at 700.00 Kmt, lower than the average estimate of 721.18 Kmt [4] - Revenues from onboard and other sources reached $2.28 billion, exceeding the estimated $2.22 billion, representing a 9.3% increase year-over-year [4] - Revenues from passenger tickets were $4.05 billion, slightly below the estimated $4.13 billion, with a year-over-year increase of 5.2% [4]

Core Viewpoint - The upcoming earnings report from Carnival (CCL) is anticipated to show a quarterly earnings increase of 3.2% year-over-year, with revenues expected to rise by 2.2% [1] Financial Projections - Analysts predict Carnival's quarterly earnings will be $1.31 per share, reflecting a 3.2% increase from the previous year [1] - Revenue forecasts stand at $8.07 billion, indicating a 2.2% year-over-year growth [1] - The consensus EPS estimate has been revised upward by 5.6% over the past 30 days, indicating a positive reassessment by analysts [1] Revenue Breakdown - 'Revenues- Passenger ticket' are expected to reach $5.31 billion, a year-over-year increase of 1.3% [4] - 'Revenues- Onboard and other' are projected at $2.67 billion, suggesting a 0.5% increase year-over-year [4] Operational Metrics - Analysts forecast 'ALBDs (Available lower berth days)' to be 24.60 million, down from 25.20 million in the same quarter last year [4] - The 'Occupancy percentage' is expected to be 112.2%, slightly up from 112.0% a year ago [5] - 'Passenger cruise days (PCDs)' are estimated at 27.61 million, compared to 28.10 million in the same quarter last year [5] Cost and Yield Analysis - The consensus estimate for 'Fuel cost per metric ton consumed (excluding EUA)' is $595.27, down from $670.00 a year ago [5] - 'Net yields (per ALBD)' are projected at $247.71, an increase from $233.87 in the same quarter last year [6] - 'Fuel consumption in metric tons' is expected to reach 734 thousand metric tons, up from 700 thousand metric tons a year ago [6] Market Performance - Over the past month, Carnival shares have decreased by 3.6%, contrasting with a 3.1% increase in the Zacks S&P 500 composite [7] - Carnival currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near future [7]